Impinj (NASDAQ:PI) Price Target Lowered to $180.00 at Roth Mkm

Impinj (NASDAQ:PI) had its target price decreased by Roth Mkm from $220.00 to $180.00 in a research note released on Monday morning,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

PI has been the subject of several other research reports. UBS Group set a $155.00 price target on Impinj in a research note on Friday, February 6th. Evercore reaffirmed an “in-line” rating and issued a $112.00 price objective (down from $273.00) on shares of Impinj in a research note on Friday, February 6th. Needham & Company LLC reduced their target price on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Barclays decreased their target price on shares of Impinj from $175.00 to $169.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Impinj in a report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.63.

Impinj Price Performance

Shares of NASDAQ:PI opened at $98.50 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. Impinj has a 52 week low of $60.85 and a 52 week high of $247.06. The firm has a market cap of $2.98 billion, a PE ratio of -252.56 and a beta of 1.56. The firm’s fifty day moving average is $138.80 and its 200-day moving average is $165.81.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $92.85 million during the quarter, compared to the consensus estimate of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.Impinj’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts predict that Impinj will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Impinj

Several institutional investors and hedge funds have recently made changes to their positions in the business. DLD Asset Management LP bought a new stake in Impinj in the second quarter worth approximately $1,332,840,000. Invesco Ltd. boosted its holdings in shares of Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after buying an additional 393,685 shares in the last quarter. Norges Bank bought a new position in shares of Impinj during the 4th quarter worth approximately $55,216,000. William Blair Investment Management LLC acquired a new stake in shares of Impinj during the 3rd quarter worth approximately $36,259,000. Finally, State Street Corp grew its position in shares of Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares during the period.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).